Buy inside bar

• 01/27/2022 at 5:47 PM #186743
  bullbear

  Is it possible to take a position in the ongoing bar.

  In normal cases, a position is taken in the next bar.

  Now the Nasdaq is moving 40 points in 5 min timeframe chart.

  Gets difficult with good entry then.

  

  bullbear

  Participant

  Topics: 18

  Replies: 62

  Been thanked: 22 times
  01/27/2022 at 6:08 PM #186750
  SnorreDK

  Entry in lower timeframe?

  1 user thanked author for this post.

  bullbear

  

  SnorreDK

  Participant

  Topics: 17

  Replies: 119

  Been thanked: 9 times
  01/27/2022 at 6:20 PM #186752
  robertogozzi

  Strategies are executed when a a bar closes and they evaluate conditions on the closed bar (which is the CURRENT bar till the next one closes). If conditions are met and a position is immediately opened you will see the arrow under the bar that is being opened.

  If you are using a 5-minute bar you may take advantage of the Multi Time Frame feature that allows strategies to use multiple timeframes, to use  the 5-minute TF itself and a lower TF, such as 1 minute or 1 second, to be able to access the 5-minute bar while it’s being formed, every 1 minute or 1 second.

  The drawback is that your data history will be reduced, 200K 5-minute bars is quite a longer period than 200K 1-second bars!

  Searching this forum for the word MTF will return you many links to articles, examples and code snippets about it.

   

  1 user thanked author for this post.

  bullbear

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17891

  Been thanked: 4507 times
• Author
  Posts